secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2026-06-24T20:30:29+00:00
Accession:  0001214659-26-007704
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperscale Data signs 20MW AI colocation deal worth up to $3.0B at Michigan campus
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- MSA with California neocloud for 20 MW critical AI compute capacity at Dowagiac, MI campus; Q4 2026 target.
- Base term 10 years plus two 5-year options; total expected revenue ~$1.2B if fully exercised.
- Right of first offer for additional 32 MW within 2 years could raise contract value to >$3.0B.
- Retrofit cost of ~60,000 sq ft estimated at $100M-$120M for initial 20 MW deployment.
- Company to reallocate power from Bitcoin mining to AI; campus has potential for >300 MW total capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465926007704/0001214659-26-007704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465926007704/x6242618k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-26-007704

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer